SingTel, which is South East Asia’s largest phone company, has provided information about Optus Satellite to potential buyers, said Bloomberg, citing three people with knowledge of the matter.

Optus currently has five satellites covering Australia, New Zealand and parts of the Antarctic.

SingTel bought the business, which posted revenues of $319m for the financial year to end March 2012, as part of its takeover of its parent company Optus for $9.69bn.

SingTel has hired Credit Suisse and Morgan Stanley to study options for the business. The two banks are offering debt packages to potential suitors to help attract bids, said the sources.

A SingTel spokeswoman told Bloomberg, “We are conducting a strategic review of our Optus Satelitte business and will make an appropriate announcement in the event of a material development arising from the review.”